Japanese stocks soar as wider markets bounce from brutal selloff

August 6, 2024

Japanese stocks surged above 34,000 on Tuesday, recovering from Monday’s 12.4% plunge. Central bank reassurances boosted markets, igniting a sharp rebound in the Nikkei, as well as gains in Wall Street futures. Currencies steadied, Treasury yields recovered, and oil prices rose after news of U.S. personnel injuries in Iraq.

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